Is Romney, IN 47981 a buyer’s or seller’s market?
Romney is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Romney housing market right now
In the three months ending August 31, 2026, 100% of homes in Romney, IN 47981 sold above their list price, the typical home went under contract in 5 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (82 days then) and the median sale price fell 38% to $202,912. Overall, Romney is more competitive than a year ago, so tougher for buyers.
Within Tippecanoe County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Westpoint 47992 (0% sold over asking) or Lafayette 47901 (0% sold over asking).
Run the numbers for 47981
Nearby markets
Battle Ground 47920Seller’s market $151 /sq ftBuck Creek 47924 — /sq ftClarks Hill 47930 $135 /sq ftDayton 47941Buyer’s market $146 /sq ft Browse all markets →Where Romney is
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Questions about Romney real estate
Is Romney a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Romney, IN 47981 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Romney?
The typical home went under contract in 5 days in the latest three months.
Do homes in Romney sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Romney?
About 0.62% of a home’s value a year in Tippecanoe County, or roughly $2,480 on a $400,000 home.
What is the median home price in Romney?
The median sale price was $202,912 in the three months ending August 31, 2026, about $68 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology